National Fuel Gas Company (NFG)

Return on assets (ROA)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	77,513	476,866	566,021	363,647	-123,772
Total assets	US$ in thousands	8,319,770	8,280,260	7,896,260	7,464,820	6,964,940
ROA		0.93%	5.76%	7.17%	4.87%	-1.78%

September 30, 2024 calculation

ROA = Net income ÷ Total assets
= $77,513K ÷ $8,319,770K
= 0.93%

National Fuel Gas Company's return on assets (ROA) has fluctuated over the past five years. In Sep 2024, the company's ROA was 0.93%, a significant decrease from the previous year's 5.76%. This decline suggests that the company may not be efficiently utilizing its assets to generate profit.

In contrast, in Sep 2022, National Fuel Gas Company achieved an ROA of 7.17%, demonstrating a strong performance in effectively generating earnings from its assets. This marked improvement from the previous year's 4.87% indicates an enhanced asset efficiency during that period.

Furthermore, in Sep 2020, the company experienced a negative ROA of -1.78%, implying that it incurred more losses than profits relative to its total assets. This negative ROA raises concerns about the company's ability to effectively utilize its assets to generate returns for its stakeholders.

Overall, National Fuel Gas Company's ROA has displayed volatility in recent years, with fluctuations indicating varying levels of asset efficiency in generating profits. Monitoring this metric can provide insights into the company's operational performance and financial health.